UK Fintech News

By Dexter Cousins on 31/08/2022

Ali Paterson from Fintech Finance joins us for a rundown of UK Fintech news.

Welcome to Fintech Chatter News on 30th August 2022.

Caroline Tran CEO and Founder of Hello Clever joins us live to chat about their $4.5m seed raise.

Fintech News Australia

There have been lots of positive Financial results in the last few days. 

Congrats to Rael Ross and the team at Butn - they hit $274m in originations in FY22 and over $1bn since launching, capping off a successful year since their 2021 IPO.

Wisr’s latest results project profitability in the next 12 months despite the challenging market conditions.  Originations were at $611m for FY22. 

Since launch in 2017 they’ve written $1.2bn in loans and have 24 consecutive quarters of loan origination growth.

Prospa announced strong 2022 financial results. Originations increased 52% this year to $732m and revenue increased 51% to $178m

Fintech Capital Raises and Partnership deals

$4.5m Seed round for Hello Clever

Peppermint Innovation have signed a 5 year deal with Visa to expand globally. 

It gives Visa exclusive rights to provide Peppermint cards in Australia, Singapore and the Phillipines.

Superfierce has smashed its target to save its customers $100 million in fees in just 5 months. 

A big congrats to Trenna and the team for hitting a total of $116 million. A clear signal there is a market for unbiased, affordable financial advice. 

Afterpay and Westpac are dissolving their Money app 

It appeared the pioneering partnership was doomed once Afterpay was acquired by Block, as they get close to launching the Square Cash App in Australia.

Kudos to the Westpac Banking as a Service team for giving everything and pushing the boundaries on what was a groundbreaking Fintech partnership.

Events 

APPOINTMENTS 

Stephen Doyle has been appointed the new Head of Distribution at Bridgit. 

And Spriggy have appointed Scott Eddington as Chief Commercial Officer. Scott joins from World Remit.

 

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Article written by Dexter Cousins
Founder of Tier One People and host of the Fintech Chatter Podcast.

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